Brief: Spruce Point Capital Management Says Has A Short Position In Xylem Inc

Xylem

09/08/2023 14:04

Aug 9 (Reuters) - 
  
    * SPRUCE POINT CAPITAL MANAGEMENT ANNOUNCES INVESTMENT
OPINION:
RELEASES REPORT AND STRONG SELL RESEARCH OPINION ON XYLEM INC.
(NYSE: XYL)
    * SPRUCE POINT - HAS A SHORT POSITION IN XYLEM INC
    * SPRUCE POINT CAPITAL - SEES 30% TO 45% LONG-TERM DOWNSIDE
RISK
TO XYLEM’S SHARE PRICE
    * SPRUCE POINT - EXPECT XYLEM TO UNDERPERFORM S&P 500 AND
WATER
INDUSTRY AS ITS RICH MULTIPLE COMPRESSES

Source text for Eikon:  ID:nBw7NKV2La 
Further company coverage:  XYL.N 

 ((Reuters.Briefs@thomsonreuters.com;))